Nalco's Quarterly Earnings Rise on Emerging Markets

4:25 AM MDT | October 27, 2010 | Kerri Walsh

Nalco’s third-quarter earnings doubled to $59 million (42 cts/share), on sales up 14%, to about $1.1 billion. Adjusted earnings were 42 cts/share compared to 31 cts/share in the year-ago period after adding back unusual items. Adjusted Ebitda rose 6%, to $196 million because of growth, productivity programs, and an incentive adjustment, Nalco says. "Our strong top-line growth is more evidence that we remain on track toward delivering a sustainable revenue growth rate of 6-8% by continuing to invest in growth strategies like BRIC+ and new...